There is one important element for digital banking and online financial transactions in India that ensures seamless and accurate fund transfers is the IFSC Code. For sending money through NEFT, RTGS, or IMPS, the bank asks you to enter the correct IFSC Code to make the route of your payment to the right branch. In case you are searching for the IFSC Code of Bank Of Maharashtra for its Biharsharif branch in Nalanda, Biharsharif, Bihar, then this comprehensive guide will provide you with detailed information.

The banking system in India has changed over time, and today the customers of Bank Of Maharashtra situated in Nalanda or anywhere in Bihar can easily transfer funds instantly by using the correct IFSC Code MAHB0002051. You should know how the IFSC Code works and how it helps you stay informed and avoid transfer errors.

Details of IFSC Code for Bank Of Maharashtra, Biharsharif, Nalanda

Below in the table are the key details related to IFSC Code MAHB0002051 of Bank Of Maharashtra for its branch located in Nalanda, within the district of Biharsharif in the state of Bihar.

Particulars Details
Bank Bank Of Maharashtra
IFSC Code MAHB0002051
Branch Biharsharif
City Nalanda
District Biharsharif
State Bihar
Address Kamla Complex, Plot No.196, Ward No.25Holding No.498, Ranchi Road, Biharsharif

These details help users in online banking and for businesses and individuals who use Bank Of Maharashtra in Nalanda for their financial transactions. In case you are depositing money, sending payments, or conducting commercial transfers, the IFSC Code MAHB0002051 for the Biharsharif branch of Bank Of Maharashtra has a very important role.

What Is IFSC Code and Why Is It Important?

IFSC stands for Indian Financial System Code, an 11-character alphanumeric code provided by the Reserve Bank of India. Every bank branch, along with Bank Of Maharashtra located in Biharsharif, Nalanda, Bihar, are allotted a unique IFSC like MAHB0002051 to ensure that online payments reach the right destination.

The IFSC Code is important because:

  • It clearly tells which bank branch it is in Nalanda.
  • It helps NEFT, RTGS, and IMPS systems route the transfer securely.
  • It prevents confusion between different branches of the same bank in places like Nalanda and Biharsharif.
  • It reduces errors in fund transfers and improves accuracy.
  • It helps the sender banks to validate and confirm branch details before processing payments.

It makes sure that money sent to Bank Of Maharashtra in Biharsharif reaches the right place, even though there are thousands of branches in Bihar and across India.

Format of the IFSC Code MAHB0002051

The format of the IFSC Code for banks, including Bank Of Maharashtra, follows an 11-character structure:

AAAA0CCCCCC

Here's the breakdown:

  • First 4 characters (AAAA): Show the bank code. For Bank Of Maharashtra, these letters represent the bank's short name.
  • 5th character: Is always zero and is kept for future use.
  • Last 6 characters (CCCCCC): Represent the specific branch code assigned to branches such as Biharsharif in Nalanda.

For example, the IFSC Code MAHB0002051 of Bank Of Maharashtra for the Biharsharif branch includes these elements, identifying the bank and the branch location in Nalanda and Bihar accurately.

How to Find IFSC Code for Bank Of Maharashtra?

If you are trying to find the IFSC Code MAHB0002051 of Bank Of Maharashtra for its Biharsharif branch located in Nalanda, the following methods can help:

Cheque Book

The cheque book issued by Bank Of Maharashtra includes the IFSC Code printed on each cheque leaf which you can easily spot on the top section.

Passbook

You can easily find the IFSC and MICR codes because most banks, including Bank Of Maharashtra branches in Nalanda and Biharsharif, print them on the first page of your passbook.

Bank Website

Visit the official website of Bank Of Maharashtra and navigate to the branch locator section. Search for Biharsharif or Nalanda to get the exact IFSC Code MAHB0002051.

Mobile Banking App

If you use Bank Of Maharashtra's mobile app, you can check your account details to find your branch's IFSC code.

RBI Website

The Reserve Bank of India keeps an updated list of all IFSC codes. If you search for Bank Of Maharashtra and Nalanda, you'll get the correct details.

How to Use IFSC Code MAHB0002051 for Online Transfers?

Once you have the IFSC Code MAHB0002051 for the Biharsharif branch of Bank Of Maharashtra in Nalanda, you can initiate your fund transfers using any digital method:

NEFT

Add beneficiary details including the name, account number, and IFSC Code MAHB0002051. Transfers are processed in batches. This is suitable for personal and business payments.

RTGS

Used for high-value payments above ₹2 lakh. Real-time settlement using the IFSC Code of the recipient branch.

IMPS

Instant 24×7 transfers. Requires the recipient's account details and Bank Of Maharashtra IFSC Code MAHB0002051.

Regardless of the method you choose, the accuracy of the IFSC Code is crucial. Any mistake in entering the IFSC Code for Bank Of Maharashtra Biharsharif in Nalanda may result in delayed or failed transactions.

Finding the MICR Code

MICR codes are used for check clearances and are not the same as IFSC codes. If you are searching for the MICR code of Bank Of Maharashtra in Biharsharif, you can find it by any of the following ways:

  • Check the bottom of your cheque leaf.
  • Go to the first page of your passbook.
  • Visit the official Bank Of Maharashtra website.
  • Search the RBI portal.

Having both IFSC and MICR codes helps account holders in Nalanda manage online transfers as well as cheque clearances with ease.

Frequently Asked Questions (FAQs)

What is the IFSC Code of Bank Of Maharashtra in Biharsharif, Nalanda?

The IFSC Code is MAHB0002051.

Is the IFSC Code MAHB0002051 permanent?

Yes, but there can be changes during mergers or restructuring.

Is MICR the same as IFSC?

No, MICR is for cheque clearing and the IFSC is for online transfers.

Where can I find the IFSC Code of Bank Of Maharashtra Biharsharif?

You can easily find it on cheque books, passbooks, the bank's website, mobile app, or the RBI portal.

What is the full address of the Biharsharif branch?

The address of the branch is Kamla Complex, Plot No.196, Ward No.25Holding No.498, Ranchi Road, Biharsharif located in Nalanda, Biharsharif, Bihar.

What is the use of IFSC Code in online banking?

The IFSC Code ensures that NEFT, RTGS, and IMPS transactions are accurately routed to the correct bank branch.